14. The portfolio of Treasury bonds amassed during 2009 swelled, about doubling; in the 2007 crisis the loan portfolio expanded on the FEDs balance sheet. Which of the following reflects both actions taken by the FED as displayed in its balance sheet and discussed in class:

a. FED increased its security holdings only to provide liquidity.

b. FED sold Treasuries to add to its Loan portfolio only to provide liquidity.

c. FED expanded the money supply by expanding either its Loan or Security Portfolio.

d. FED forced gold prices to record prices to provide collateral to print additional money.